FTSE 100 regains ground as Wall Street edges higher at open

Tuesday 2 February 2010 10.03 EST
First published on Tuesday 2 February 2010 10.03 EST

An opening rise on Wall Street has helped the FTSE 100 into positive territory after its earlier fall.

The US market is taking some encouragement from a number of big corporate results, including United Parcel Service and Emerson Electric, although there is also some nervousness ahead of a testimony by White House advisor Paul Volcker on plans to curb banks' risky trading. US pending home sales have come in pretty much in line with expectations, up 1% in December.